Permian To Be Only Shale Play That Sees Output Increase This Year

The Permian shale formation has been drawing a lot of attention recently, and it’s more likely than not to continue drawing even more in the immediate future, now that it has essentially become the new center of the shale revolution.According to a recent report from commodity analysts with Barclays, the Permian will be the only shale play that will see a production increase this year, while all the rest will see declines. It’s worth noting here, though, that the Barclays analysis came out before Donald Trump took office on January 20: this week, the new president revived the Keystone XL oil pipeline that was vetoed by the Obama administration.

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Founded in 2003, the Prometheus Institute is a non-partisan US-based non-profit delivering insight and action dedicated to achieve sustainable and universal economic, industrial, environmental, and human development...